The large enterprises segment dominated the European WLAN business, accounting for more than 55 percent of the market share in 2020 due to the higher deployment of wireless technologies and the surging need for transforming the digital infrastructure of organizations, said Graphical Research. In particular, large enterprises are adopting WLAN solutions to expand coverage throughout the enterprise and to resolve security, design and implementation issues, as well as management and scalability issues of the organizations. Various companies also are providing advanced and ultra 5G wideband capabilities for indoor and outdoor facilities to customize 5G experiences, said the research note. Small and mid-sized enterprises (SMEs), meanwhile, held more than 30 percent share of the regional enterprise WLAN industry in 2020. SMEs across Europe likewise are moving toward digitization and are adopting a secure and reliable internet connection in this regard, said analysts at Graphical Research. “With the help of wireless technologies, small and medium-scale businesses can enhance their productivity and performance, which can ultimately expand their customer base, thereby escalating the implementation of enterprise WLAN solutions,” the report continued. Breaking things down by sector, banking, financial services and insurance (BFSI) led the way, as the BFSI sector applications accounted for a revenue share of more than 10 percent in the Europe enterprise WLAN market in 2020. According to analysts at Graphical Research, many banks and financial institutions are using digital solutions and advanced software to store tons of data that can consist of confidential financial information of their customers and employees. “The BFSI sector is boosting its investments to develop a safe and robust internet security infrastructure by partnering with companies that specialize in offering high-quality cybersecurity solutions,” said the research firm. “Advanced technologies, such as AI, IoT and 5G are being deployed on a large scale to enable the use of wireless technologies.” In terms of the market by country, both Germany and the United Kingdom enterprise WLAN market share is expected to reach or exceed $1 billion by 2027. In Germany specifically, growth is encouraged by strong smartphone sales and the concept of bring your own device (BYOD) picking up steam in many organizations across the country. “This scenario has raised the need for a network connection that provides good coverage inside office spaces, which will bolster the deployment of enterprise WLAN solutions,” said Graphical Research. In the U.K., meanwhile, the government focus on promoting efficient competition and investment in digital networks has impacted the WLAN market, said the research firm. In June 2020, for instance, the UK government invested $5.59 billion in UK broadband. The objective behind the investment is to create 40,000 job opportunities and ensure that every home can access a gigabit-capable broadband service by the end of 2025. Much like in the U.S., crossing the digital divide of high-speed access will require fixed wireless networks. o Europe Enterprise WLAN Market Size, By Organization Size, 2016-2027 (USD Million) Source: Graphical Research Large Enterprise SMEs 2,360.60 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Global Cyber Insurance Market ($bn), 2015-2025 Source: GlobalData $ $5 2015 2016 2017 2018 2019 2020 2021f 2022f 2023f 2024f 2025f 80% 70% 60% 50% 40% 30% 20% 10% 0% $10 $15 $20 $25 $20.56bn $16.86bn $13.73bn $11.09bn $8.92bn $7.01bn $5.25bn $5.05bn $4.75bn $3.53bn $2.02bn 74.6% 34.56% 6.3% 3.9% 33.5% 27.3% 24.3% 23.8% 22.8% 22.0% Total Growth rate INTERNATIONAL AGENTS 22 CHANNELV ISION | JANUARY - FEBRUARY 2023 Prominent WLAN Software, Hardware and Services Providers ADTRAN, Inc., Aruba Networks Alcatel-Lucent Enterprise Boingo Wireless, Inc. Cambium Networks Cisco Systems CommScope, Inc. Dell Technologies Extreme Networks Huawei Technologies Co., Ltd Juniper Networks Netgear, Inc. Source: Graphical Research
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